Business
India urged to comply with WTO rules in anti-dumping probe in Vietnam’s steel
Vietnam has fully complied with commitments to the WTO as well to trade agreements it has signed.
Vietnam has urged India to comply with the rules of the World Trade Organization (WTO) in its probes into alleged dumping of flat rolled products of stainless steel from Vietnam, according to Le Thi Thu Hang, spokesperson of the Ministry of Foreign Affairs of Vietnam.
Vietnam has fully complied with commitments to the WTO as well to trade agreements it has signed, Hang said in a press meeting on July 25.
According to Hang, the Vietnam – India comprehensive strategic partnership, including the economic-trade relations, has been growing strongly.
In this regard, trade issues between the two countries must be addressed in a fair manner, ensuring the compatibility to regulations of the WTO, with both countries being its members of, and bilateral trade agreements, as well as the lawful rights of customers in Vietnam and India, Hang stressed.
In July, India’s Directorate General of Trade Remedies (DGTR) opened an investigation into possible dumping of steel products from 15 countries, including Vietnam, following complaints by domestic steel companies.
In the probe, DGTR will determine the existence, degree and effect of alleged dumping and recommend the amount of anti-dumping duty, which if levied, would be adequate to remove the injury to the domestic industry, said the Indian authority in a notification.
DGTR added the year 2018-19 is taken as the period of investigation. However, for the purpose of probing into the injury caused to domestic players, data of 2015-18 will also be looked into.
Illustrative photo.
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According to Hang, the Vietnam – India comprehensive strategic partnership, including the economic-trade relations, has been growing strongly.
In this regard, trade issues between the two countries must be addressed in a fair manner, ensuring the compatibility to regulations of the WTO, with both countries being its members of, and bilateral trade agreements, as well as the lawful rights of customers in Vietnam and India, Hang stressed.
In July, India’s Directorate General of Trade Remedies (DGTR) opened an investigation into possible dumping of steel products from 15 countries, including Vietnam, following complaints by domestic steel companies.
In the probe, DGTR will determine the existence, degree and effect of alleged dumping and recommend the amount of anti-dumping duty, which if levied, would be adequate to remove the injury to the domestic industry, said the Indian authority in a notification.
DGTR added the year 2018-19 is taken as the period of investigation. However, for the purpose of probing into the injury caused to domestic players, data of 2015-18 will also be looked into.
